ICE Futures U.S., Inc. (IFUS) is licensed to operate the IFUS derivatives market (the derivatives market) in New Zealand. The FMA is required to report, at least once every two years, on how well IFUS is meeting its obligations as a licensed market operator.
The US Commodity Futures Trading Commission (CFTC) is IFUS’s primary regulator. Our review, therefore, focused on whether the CFTC was satisfied with IFUS’s compliance during the review period. See the Appendix for details of how we did our review.